Transform From Poor To Wealthy With 1 Secret Trait

Ever wonder what makes fortune 500 companies successful? I’d argue that the main thing that sets them ahead of the game is their skillfulness with structural organization. If you want to transform from poor to wealthy then emulating the fortune 500 is one tool to jumpstart your journey.

During my undergraduate years and even some of my graduate years, procrastination heavily dominated my routine. Video games, television shows, movies, sports, friends, and work can outweigh the importance of studying. I noticed that my peers who were organized and had good time management skills were easily able to manage their schedule and not have to cram studying in at the last minute.

TRANSFORM FROM POOR TO WEALTHY

Organized people conserve more money and more time than those who aren’t organized. When you are organized, efficiency becomes the name of the game. Have you ever considered your family to be a business? Perhaps it’s possible to operate a successful family just like fortune 500 companies.

Follow my logic here. A household is like a business, with assets and liabilities. The income that you generate is your revenue. Then you have expenses such as a mortgage, insurance, and utility bills. There are even optional expenses like vacations and hobbies that must be accounted for.

Approaching your household like a business owner will enable you to efficiently maximize your revenue and decrease your expenses. Streamlining your roles will ensure that your income is utilized appropriately and maximized to its full potential.

ROLES FOR YOUR FAMILY

A CEO is in charge of the “company’s” big picture. They oversee the whole operation but don’t necessarily get involved in the detailed aspects of all departments. They provide supervision with assistance from regular updates from each department.

A CFO is responsible for budgeting, tracking income and expenses, analyzing financial data and reporting their findings.

Do you see any reproducible qualities here that you could transition to your fortune 500 family?

FAMILY VALUES

Fortune 500 companies also have core values that they want their employees to emulate. Identify the core values that you admire in each other and work on a game plan to ingrain those values to all aspects of your fortune 500 family.

If every aspect of your lives is important, then nothing is important. Many companies fail because they spread themselves too thin. Instead of identifying the most important aspect of their business, they try to accomplish too many things at once and end up failing. Setting goals in your fortune 500 family narrow down what is most important to your success and allow you to accomplish it.

It’s easy to identify a core value or a top priority but if you don’t remember what they are then what good are they? Forgetting is easy. Take steps to make sure that your fortune 500 family is always able to identify your core values and top priorities. When your memory banks are renewed periodically with your core values and priorities, you will be more successful in maintaining your fortune 500 family.

Are ready to transform from poor to wealthy and start running your fortune 500 family today?

Reader Interactions

Comments

This is a great post!! I love it! I have thought about budgeting for our family like a business but I hadn’t thought about the jobs of CFO and CEO before. I like that idea and also the values. I think thinking of family like that would help keep family as a priority.

In our family my wife is the CEO and I’m the CFO, we’ve found that we can create the best home environment and strategize our goals when we each have our own responsibilities instead of one of us trying to do it all. You’re correct, it definitely helps to keep the family prioritized!

We definitely sat down and talked it out. When it comes to finances we had to be intentional. We selected our roles based on our inherent personality traits and interests. My wife is a big picture person and can visualize the goals that she wants. I’m a dreamer and she keeps me grounded. I’m extremely interested in personal finance and number crunching, so we had it easy in deciding who would assume each role.

Love this metaphor. I think ‘regular strategy reviews’ need to be a priority as well. Checking in with how you are making progress towards the goals you identified initially, and adjusting your strategy or your goals if things are going worse or better than you had planned.

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Meet Dr. Ney J. Rivas

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My name is Dr. Ney Rivas. Welcome to Fit, Wealthy, & Wise. I truly hope you are finding our site valuable, and of great help on your personal journey. As brief as possible, and hopefully without boring you to much, I would like to share a little about myself. I was born in Boston, MA into a Read More

Meet Dr. Ashish Mesepam

When I'm not treating patients, I'm an avid thrill seeker, foodie, and movie critic. I've also recently begun the journey to financial independence. My real passion is educating people; my favorite moment is the look on their face when they finally "get it"! Read More